Devaluation Eats 18% into Cypriot Funding Managers’ AUM in 2022

by Jeremy

The property below administration
amongst funding corporations supervised by the Cyprus Securities and Change
Fee (CySEC) decreased by 18% to €9.5 billion in the course of the fourth quarter
of 2022. This AUM decreased from €11.6 billion throughout the identical
interval within the prior 12 months.

CySEC disclosed these in its quarterly statistics for the fourth quarter of 2022 launched on Thursday,
noting that the AUM is a 3.7% drop from the third quarter of 2022’s €9.9 billion. The monetary markets regulator
defined that the worth of investments below administration decreased “primarily due
to devaluation of property, redemptions of funding shares and asset
disposals.”

“Given the undesirable occasions
and unexpected circumstances of the final couple of years, the Undertakings of
the Collective Investments Sector couldn’t keep unaffected,” CySEC added.

As of the top of the fourth
quarter of 2022, CySEC had 333 administration firms and Undertakings of
Collective Investments (UCIs) below its supervision. From this quantity, “243 have
operations,” CySEC identified.

Finance Magnates reported that
the variety of funding managers below CySEC elevated from 330 to 333 in the course of the third quarter of final 12 months, increasing 12% in comparison with Q3 2021. As of December 2022, this quantity remained steady.

Giving a breakdown of the 333
funding managers below its regulation regime, CySEC famous that almost all of them
(219) are externally managed UCIs. The others embody 40 internally managed
UCIs and 74 exterior fund managers.

Moreover, the regulator
defined that these corporations comprise 45 different funding fund managers
(AIFMs), 59 sub-threshold AIFMs, 4 Undertakings for Collective Funding in
Transferable Securities (UCITS) administration corporations and 6 different firms which
maintain each the AIFM and UCITS licenses.

“The UCIs, managed by the administration firms, had a Internet Asset Worth (NAV) of €8.9 billion. Roughly,
64% of the AUM relate to property managed by the AIFMs, 10% by the sub-threshold
AIFMs, 16% by the AIFMs and UCITS administration firms, 9% by the UCITS administration firms and just one% by the regulated UCIs which can be managed by international fund managers,” CySEC defined.

CySEC Provides Breakdown of
Funding

Within the quarterly report, CySEC
added how investments have been scattered throughout varied asset courses and industries. The
Cypriot watchdog famous that roughly 84.6% of AUM below administration by the UCITS corporations have been dedicated to transferable securities whereas solely a tiny 8.7%
went to financial institution deposits. Furthermore, these corporations invested 5.5% in UCITS
and UCIs.

Then again, CySEC says it
at present regulates a complete of 207 UCIs with operations, 80% (or 186) of
that are primarily based in Cyprus and comprise 13 UCITS, 56 Various Invesment
Funds, 52 Various Funding Funds with Restricted Variety of Individuals (AIFLNP)
and 65 Registered Various Invesment Funds (RAIF).

“From the whole 207 UCIs, 163
put money into Cyprus partially or totally and these investments quantity to €2.2
billion or 23.4% of the whole Property Beneath Administration. 69.5% of the investments
in Cyprus are in personal fairness, whereas the 13.1% are in actual property,” the
Cypriot watchdog commented.

The property below administration
amongst funding corporations supervised by the Cyprus Securities and Change
Fee (CySEC) decreased by 18% to €9.5 billion in the course of the fourth quarter
of 2022. This AUM decreased from €11.6 billion throughout the identical
interval within the prior 12 months.

CySEC disclosed these in its quarterly statistics for the fourth quarter of 2022 launched on Thursday,
noting that the AUM is a 3.7% drop from the third quarter of 2022’s €9.9 billion. The monetary markets regulator
defined that the worth of investments below administration decreased “primarily due
to devaluation of property, redemptions of funding shares and asset
disposals.”

“Given the undesirable occasions
and unexpected circumstances of the final couple of years, the Undertakings of
the Collective Investments Sector couldn’t keep unaffected,” CySEC added.

As of the top of the fourth
quarter of 2022, CySEC had 333 administration firms and Undertakings of
Collective Investments (UCIs) below its supervision. From this quantity, “243 have
operations,” CySEC identified.

Finance Magnates reported that
the variety of funding managers below CySEC elevated from 330 to 333 in the course of the third quarter of final 12 months, increasing 12% in comparison with Q3 2021. As of December 2022, this quantity remained steady.

Giving a breakdown of the 333
funding managers below its regulation regime, CySEC famous that almost all of them
(219) are externally managed UCIs. The others embody 40 internally managed
UCIs and 74 exterior fund managers.

Moreover, the regulator
defined that these corporations comprise 45 different funding fund managers
(AIFMs), 59 sub-threshold AIFMs, 4 Undertakings for Collective Funding in
Transferable Securities (UCITS) administration corporations and 6 different firms which
maintain each the AIFM and UCITS licenses.

“The UCIs, managed by the administration firms, had a Internet Asset Worth (NAV) of €8.9 billion. Roughly,
64% of the AUM relate to property managed by the AIFMs, 10% by the sub-threshold
AIFMs, 16% by the AIFMs and UCITS administration firms, 9% by the UCITS administration firms and just one% by the regulated UCIs which can be managed by international fund managers,” CySEC defined.

CySEC Provides Breakdown of
Funding

Within the quarterly report, CySEC
added how investments have been scattered throughout varied asset courses and industries. The
Cypriot watchdog famous that roughly 84.6% of AUM below administration by the UCITS corporations have been dedicated to transferable securities whereas solely a tiny 8.7%
went to financial institution deposits. Furthermore, these corporations invested 5.5% in UCITS
and UCIs.

Then again, CySEC says it
at present regulates a complete of 207 UCIs with operations, 80% (or 186) of
that are primarily based in Cyprus and comprise 13 UCITS, 56 Various Invesment
Funds, 52 Various Funding Funds with Restricted Variety of Individuals (AIFLNP)
and 65 Registered Various Invesment Funds (RAIF).

“From the whole 207 UCIs, 163
put money into Cyprus partially or totally and these investments quantity to €2.2
billion or 23.4% of the whole Property Beneath Administration. 69.5% of the investments
in Cyprus are in personal fairness, whereas the 13.1% are in actual property,” the
Cypriot watchdog commented.

Supply hyperlink

Related Posts

You have not selected any currency to display